All posts tagged ING

ING Groep NV’s fortunes are changing in South Korea. The Dutch company has an ever-growing list of potential buyers for its Korean life insurer, a far cry from its initial attempt to sell the business last year.

The financial-services company was forced to scrap the deal in December, because the sole bidder, KB Financial Group, walked away even after ING had lowered the price to $2.1 billion. Potential buyers expect it to trim the price further, and it is set to receive at least five bids when the formal sale process begins within the next few weeks, people familiar with the matter said.

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